Y Intercept Hong Kong Ltd purchased a new position in Fox Co. (NASDAQ:FOX – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,189 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in FOX by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company’s stock worth $637,056,000 after acquiring an additional 506,637 shares in the last quarter. BlackRock Inc. grew its holdings in FOX by 1.5% during the 1st quarter. BlackRock Inc. now owns 11,544,874 shares of the company’s stock worth $418,847,000 after acquiring an additional 168,261 shares in the last quarter. Yacktman Asset Management LP boosted its holdings in shares of FOX by 0.6% in the 1st quarter. Yacktman Asset Management LP now owns 8,736,350 shares of the company’s stock valued at $273,535,000 after buying an additional 50,938 shares in the last quarter. State Street Corp boosted its holdings in shares of FOX by 3.1% in the 1st quarter. State Street Corp now owns 7,726,734 shares of the company’s stock valued at $280,326,000 after buying an additional 230,720 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of FOX by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,865,805 shares of the company’s stock valued at $81,416,000 after buying an additional 80,889 shares in the last quarter. 24.93% of the stock is currently owned by institutional investors.

FOX Stock Down 2.1 %

NASDAQ:FOX opened at $31.76 on Tuesday. Fox Co. has a fifty-two week low of $26.35 and a fifty-two week high of $34.42. The stock has a market capitalization of $16.03 billion, a P/E ratio of 13.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.78 and a current ratio of 1.93. The company’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $31.11.

FOX (NASDAQ:FOX – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. FOX had a net margin of 8.31% and a return on equity of 16.98%. The business had revenue of $3.03 billion for the quarter. During the same quarter in the prior year, the business posted $0.74 earnings per share.

FOX Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, August 30th will be given a $0.26 dividend. This is a positive change from FOX’s previous Semi-Annual dividend of $0.25. This represents a dividend yield of 1.6%. The ex-dividend date is Tuesday, August 29th. FOX’s dividend payout ratio (DPR) is presently 21.55%.

Insider Activity at FOX

In related news, insider Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $33.62, for a total value of $3,362,000.00. Following the completion of the transaction, the insider now directly owns 157,513 shares of the company’s stock, valued at approximately $5,295,587.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.21% of the stock is currently owned by insiders.

FOX Company Profile

(Free Report)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

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